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April 14, 2012

IMF's Lagarde Welcomes China Move to Widen FX Trading Band

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International Monetary Fund Managing Director Christine Lagarde Saturday welcomed China's announcement that it would widen the daily trading band of the renminbi against the U.S. dollar in the inter-bank foreign exchange market to 1.0% from 0.5%. "I would like to welcome this important step by th... FF News: Fundamental

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